Number of shares issued and the number of shareholders
(As of December 31, 2016)Total Number of Authorized Shares189,376,000Number of Shareholders47,664,000Number of Shareholders6,827
We regard returning profits to shareholders as a top management priority. Our basic dividend policy is to pay dividends while ensuring we retain sufficient internal reserves for achieving sustainable growth. We also comprehensively consider factors such as periodic profit and loss, cash flow, and acquisition of our own stock.
We target a consolidated dividend payout ratio of 35% or higher.
Annual DividendDividend per shareDividend payout ratio (Consolidated)Fiscal year ending December 201419 yen (including an interim dividend of ¥8.0 per share)38.2%Fiscal year ending December 201523 yen (including an interim dividend of ¥9.50 per share)38.6％Fiscal year ending December 201625 yen (including an interim dividend of ¥12.50 per share)50.6％